Since there's a moderator election about to happen here on sa.se, and since I've been wondering this in general for se sites... doesn't the word nomination seem inaccurate? Shouldn't it be labeled as something closer to "now accepting volunteers"?
If you're talking about other places that use that term, like a grammy nod (etc), a nomination is when someone proposes someone else's name/work/etc for an award or privilege.
All aspects of the system totally makes sense and works quite well, but am I the only one that thinks the terminology is a tad off?